Call & Put Diagonals | Advanced Options Strategies | 6-28-24

Advanced Options Strategies | Brent Moors | 6-28-24
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
In this webcast we discussed covered calls, long call diagonals, and long put diagonals. In doing so, we touched on the topics of theta, early assignment, using the risk profile tool, trade management, and more.
You’ve learned the option basics, now it’s time to learn how to combine calls and puts to create different options strategies. Join your education coach to learn ways to trade and manage these complex option strategies:  Iron Condors, Butterflies, Calendars, Straddles, Strangles, and a variety of other multi-leg option strategies. 
1023-3KVR
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.
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[@roc3429]

Another great learning experience. For the best benefit, I will watch the lesson again. Good "stuff"!

[@tradertalkswebcasts]

Awesome, thank you! ^BM

[@truthwillalwaysprevail]

How do you manage if the short call in call diagonal get assigned?
Since your long call is in different month with different strike. Do you sell your long call to pay for the assigned short call?

[@tradertalkswebcasts]

I think that most commonly yes, you would sell the long call at that point, unless you just want to just turn the trade into a plain old long call trade. Of course, either way you would probably want to pay to buy back the short stock position. ^BM